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TIMKEN COMPANY'S INITIATIVES TO PROPEL BEARING BUSINESS INTO NEXT CENTURY

 CANTON, Ohio, June 17 /PRNewswire/ -- Judging the timing to be right in terms of strengthening its ability to serve its customers and increase its own worldwide competitiveness, The Timken Company (NYSE: TKR) announced today that it is resuming work on its 21st century bearing project, which features a new plant in Asheboro, N.C.
 "This decision represents a key component in our drive to become the world's best performing manufacturing company," said Joseph F. Toot Jr., president and chief executive officer. "As a result of rather intense strategic planning and an equally strong commitment to teamwork, we are confident that we can create a new benchmark in the bearing industry by combining advanced technology, comprehensive information systems and outstanding people."
 The plant in Asheboro will be the 23rd bearing manufacturing facility for the world's leading tapered roller bearing manufacturer and the most technologically advanced to date.
 Peter J. Ashton, executive vice president and president-bearings, said, "We have taken advantage of the nine-month delay of this bearing initiative to continue our development work at Timken Research in Canton and to further fine tune the Asheboro start-up plan so that it can be accomplished at a faster pace."
 The $120 million plant and a sister facility planned for Ueberherrn, Germany, were postponed in September 1992 due to uncertain economic conditions and political instability around the world. Originally planned for September 1993, the Asheboro plant's start-up is now expected to take place in the third quarter of 1994. When complete, the plant will employ some 140 people.
 "While the status of the European plant is unchanged," said Ashton, "we remain committed to our European customers. Toward that end, we will be developing a pilot operation at our existing plant in Duston, England. The pilot there, along with the systems and process development work that will come to fruition at Asheboro, will allow us to support our European customer base and continue expanding our business in Europe. Until a second plant is in place, Asheboro and Duston will ship Timken(R) tapered roller bearing products to customers around the world.
 "With these projects, we are responding directly to worldwide customer needs and focusing on high-value industrial applications that offer opportunities for significant growth," said Ashton. "Our focus is on delivering quality bearings tailored to customers' individual requirements at competitive prices. Great emphasis has been placed on increasing the versatility of our products and substantially shortening our product development and manufacturing cycle time."
 The Timken Company is a leading international manufacturer of highly engineered bearings and alloy steels. The company employs some 16,000 people worldwide and recorded 1992 sales of more than $1.6 billion.
 -0- 6/17/93
 /CONTACT: Kari Groh (U.S.), 216-471-4324, or Andre van der Merwe (France), 89-73-4507, both of The Timken Company/
 (TKR)


CO: The Timken Company ST: Ohio, North Carolina IN: AUT SU:

AR -- CL003 -- 2890 06/17/93 08:06 EDT
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Date:Jun 17, 1993
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